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Need to Know: Why it’s time to go full MAGA in your stock picks, says Deutsche Bank

We may not make it to England vs. Croatia fever pitch, but excitement around second-quarter earnings continues to rev higher. Again, we can thank investors weary of the trade game and what it means for stocks for increased interest in Wall Street results.

“In the absence of a recession, which still appears to be more than a year away (if not 2-3 years), the most important thing for investors to focus on is corporate earnings, which are set to increase by approximately 20% over last year,” Chris Zaccarelli, chief investment officer, Independent Advisor Alliance, says in a note.

That number matters, because S&P 500 companies returned 24.8% in the first quarter, and that 20% ballpark for the second, could help breathe some fresh life into stocks.

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